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227-229 S Scales St 22,476 SF 100% Leased Retail Building Reidsville, NC 27320 $483,702 CAD ($21.52 CAD/SF)



INVESTMENT HIGHLIGHTS
- City is very agreeable to open businesses
- front street parking and public parking behind building
- City offers grants for downtown buildings
EXECUTIVE SUMMARY
Seller will consider leasing for $2,900 per month. Presenting a remarkable opportunity in the heart of downtown Reidsville, this expansive building, situated less than a block from the Farmers Market, boasts approximately 18,000 square feet of raw space. The property features a 6,000-square-foot main room with two-story ceilings, making it ideal for various retail operations. A grand staircase, concealed behind makeshift walls, provides access to a mezzanine level and the spacious lower area. The lower floor includes a separate entrance at the rear, offering potential for a second business or additional commercial use. Hidden behind the main-level retail space, there is a lovely finished apartment of approximately 1,700 square feet, currently leased. Accessibility is enhanced with entrances on two streets. Potential Uses: Warehouse Space, Consignment/Vendor Store, New/Refurbished Furniture Store, Family entertainment/ recreation property offers tremendous versatility and opportunity for various business ventures. CITY OFFERS GRANTS!
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
22,476 SF
Building Class
C
Year Built
1920
Price
$483,702 CAD
Price Per SF
$21.52 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.98
Lot Size
0.26 AC
Zoning
CBRD - Commercial.
Frontage
60’ on Scales Street
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 154898 | Improvements Assessment | $369,749 CAD |
| Land Assessment | $59,368 CAD | Total Assessment | $429,118 CAD |
PROPERTY TAXES
Parcel Number
154898
Land Assessment
$59,368 CAD
Improvements Assessment
$369,749 CAD
Total Assessment
$429,118 CAD
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Realty ONE Group Results
227-229 S Scales St
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